ANALYSIS: Scandal-ridden Malaysian plantation firm is the cause of smallholders’ problems, not the EU
Thursday, March 1st, 2018
A Malaysian government agency which has morphed into one of the world’s largest plantation firms has hit back at a vote by the European Parliament in favour of phasing out palm oil from biofuels, claiming it will harm the poor farmers it claims to represent. But is it Felda, mired in allegations of corruption and dodgy land deals, that is actually the farmers’ worst enemy?
Illegal deforestation hit big ag firms where it hurt – in the pocket
Friday, December 22nd, 2017
A new analysis of three major agricultural firms implicated in illegal deforestation reveals how it affected profitability, led to multi-billion dollar decline in market capitalisation and huge losses for investors.
Indonesian government finances palm oil companies ignoring its laws
Thursday, June 29th, 2017
Three banks majority-owned by the state – Bank Mandiri, Bank Rakyat Indonesia and Bank Negara Indonesia – have ploughed billions of dollars into an industry that is systematically undermining the rule of law and efforts to repair Indonesia’s reputation as a climate villain in the wake of catastrophic forest fires.
Major US pension fund invested in illegal deforestation
Tuesday, May 16th, 2017
One of the largest pension funds in the USA has invested millions of dollars in the palm oil sector, including in companies repeatedly exposed for illegal deforestation, according to a new report.
Swiss banks bankrolling illegal deforestation in Africa and East Asia
Friday, March 24th, 2017
A new report has exposed links between Swiss banks and some of the world’s largest palm oil plantation companies. Earthsight has reviewed the findings and shown that most of these firms have been involved in illegal deforestation.